Depending on the amount, an online transfer could take awhile. At my FCU, online transfers are capped at $10,000 per day. Now if I go into a branch, that limit is removed.
... a couple of times a year I take a chunk of money from one to deposit into my money market account elsewhere for living expenses. The young tellers always ask me why I am doing it.
Hope you're glad those "young tellers" are doing their jobs and protecting others from scams, if not you. They are on the front lines in the Scam Wars and are often the ones that start the process that saves someone from being scammed.
Are your regular transfers in cash? Why not just write a check or do an online transfer? No questions and sidesteps ferrying cash around.
Don't want to get too far off the OP's original question and subject. I suspect a direct CU to bank transfer would raise many fewer alarms than cash withdrawals. IANAB but - from what I hear and read - the banks are getting even more suspicious of large withdrawals for all kinds of good reasons on the banks' parts. Banks see the disasters like the OP's mother-in-law all too often.
Sorry about your MIL, OP. Having to pay the taxes on scam-withdrawn funds is an extra, horrible kick.
Statistics: Posted by PeninsulaPerson — Fri Jul 26, 2024 8:46 am — Replies 48 — Views 6930
